Lost medical equipment isn’t just a nuisance; it can have significant hidden costs that go beyond the replacement expense.
HIDDEN COSTS
Operational Delays
Lost pumps delay turnaround times, which ultimately delays the delivery of patient care. Having patients and providers waiting around for pump replacements can result in extended hospital stays, postponed treatments, and ultimately negative patient outcomes.
Last-minute purchases such as rush orders and expedited shipping can often cost more than the equipment itself. These actions can easily become a habit, creating a pattern of loss.
Productivity
As providers spend significant time tracking down rogue inventory and outdated records, valuable time that could be dedicated to patient care is instead consumed by operational inefficiencies. Consequently, this leads to treatment delays, increased burnout, and reduced overall quality of care.
Over-Procurement
To compensate for misplaced or untracked equipment, healthcare facilities often over-rent or over-purchase medical devices. This reactive approach to inventory uncertainty leads to inflated budgets, unnecessary capital expenditures, and inefficient use of storage and space.
Over time, excessive procurement strains operational budgets, limits flexibility, and can obscure true equipment needs that ultimately complicate long-term planning and resource allocation.
RIGHT TRACK
We understand that managing your fleet can become overwhelming, that’s why we created Right Track to help you stay in control of your assets.
Right track has three main focuses:
Tracking
With Right Track, you have full visibility to the location and status of your assets. This means that you’ll be informed of where the pump currently sits, whether that be on your shelves, with patients and customers, or at a Right Way Medical facility.
You’ll also have access to your fleet’s status, such as client ready, in use with a patient, or in biomed being serviced by the Right Way Medical team.
Billing
Right Track helps keep your financial billing organized, by using rental clocks to generate optional reports for you to use. Billing begins from the moment each asset is scanned out to your patient until it’s received in.
Right Track offers a variety of reporting tools to better manage your inventory:
Revenue
Our billing reports give you access to rental clocks, current revenue trends, and invoices from Right Way Medical.
Rental Fees
Right Track calculates last months and current monthly rental fees from Right Way Medical.
Service Requests
You can view repair records and upcoming service approvals per device, giving you the power to decide if you want to invest in each service based on the true device cost.
With each of these components in mind, you avoid idle inventory, dragging down your profitability. Our device utilization feature helps you allocate inventory, reduce redundant rental costs and accelerate device turnover.
Compliance
Right Track houses all preventative maintenance and service records completed by Right Way Medical’s biomedical team. With historical data at your fingertips, you can eliminate sifting through dusty documents to find compliance records or invoices to get the information you need to know.
Your access gives you:
PREVENTATIVE MAINTENANCE RECORDS
Preventative maintenance helps reduce downtime, increase patient safety, and address potential issues before they escalate.
COMPLETED SERVICE REQUESTS
Pump malfunctions can potentially be life threatening which is why it’s important to keep up with device repairs and maintenance.
PENDING SERVICE REQUEST COSTS
Depending on pump ownership, certain biomed services are included free of charge. Rental and lease options through Right Way Medical include preventative maintenance.
With streamlined inventory management, you won’t spend time wondering where your equipment is, how much you spent on repairs, and where your compliance records are.
Right Track is designed to give you peace of mind, the gift of time, and utilization understanding to drive efficient, scalable processes.
